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Answering the big question over Hanover

Wednesday 23rd of July 2008
Hanover Finance's partial demise has forced me to answer a question I have tried to answer before. The question is simple: Is Hanover's default on interest payments a surprise? While it's a simple question it's actually hard to answer. Some say it was inevitable. I've always hoped that Hanover, as one of the bigger finance companies, and one of the better run ones, could outlast the finan...
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